Business Overview:
This freestanding club, lounge, bar, restaurant, special events and live music venue is smack dab in the heart of all the downtown entertainment, sporting, office and hotel marketplace directly adjacent to and or steps from Centennial Olympic Park, GA Aquarium, GA Dome, Phillips Arena and CNN Center.
$6,200,000 was spent in July 2007 to create one of the most beautiful and state of the art venues seen in Atlanta. Occupancy is 377 main level and 229 up with club hosting up to 1,200 guests at any one time. Features include: Covered entrance with revolving doors and covered walkways. State of the art sound system. State of the art lighting including 30,000 LED lights everywhere including bars. 3-bars: 65', 45' and 50'. Bars are all concrete and covered with solid walnut. Sky decks with 6-TV’s, bar, billiards, 6-cabana’s, and seating for 229. Stunning wine storage in dining rooms. Solid walnut wood walls and ceilings. $100,000 DJ/production booths (2) with rubber floors and sound proofed. $60,000 fish tank. 18'x9' stage. LEED signage. Large restrooms feature state of the art TV’s.
Sales reached approximately $6.0M in first year but due to bad management and partnership sales dipped to $3.8M in 2009, $2.4M in 2010 with a 16% net profit according to owners but 2011 the business was run by a management agreement with a famous entertainer and his management group. Operations and control has reverted to original Owner who opened club and ran it absentee. Rental rate is $22,000 per month.
Price reduced by almost half to at $795,000 a “fraction” of start up costs which include all assets and rights to lease. Keep as is or convert to any concept although a restaurant is required to be part of licensing at this location.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
16,400/sf Approximate Size with 40-car parks on site with 200 off site. Occupancy is 377 main level and 229 up with club hosting up to 1200 guests at any one time. 60-seat VIP room with 1/2 inch glass enclosed and power doors an separate entrances. 3-bars: 65?, 45' and 50'. Bars are all concrete and covered with solid walnut. Sky decks with 6-TV’s, bar, billiards, 6-cabana’s, and seating for 229. $100,000 DJ/production booths (2) with rubber floors and sound proofed. 32 HD flat screens with 7-projectors, 80 speakers, turbo sound with crown and lab gruppen amps. 32 camera Video surveillance system. Large restrooms feature state of the art TV’s. State of the art lighting including 30,000 LED lights everywhere including bars. State of the art sound system. Micros POS system with 15 stations. Secure office, IT Room and command center with bathroom and high end safes, money counters, and cash handling systems. Tables are all 3' solid bamboo or walnut. 90 Tons HVAC. Water purification system. Two 14' x16' billboards.
Fully equipped state of the art exhibition kitchen including $30,000 ceramic wood-stone pizza oven, tons of storage room and loading dock. Water purification system. VIP hand scanners.
Note: 3-Ton boulder art is not included in sale.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
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